By Kishori Krishnan Exclusive to Gold Investing News Oil has reached its nadir. Even as investors remained timid after a U.S. Commerce Department report which showed the economy shrank at a annualized pace of 5.4 per cent in the October-December period – much faster than the 0.5 per cent decline logged in the prior quarter, [...]
Continue reading "Bad Economic Conditions, Good Times For Gold"
Monday, January 5, 2009
By Kishori Krishnan Exclusive to Gold Investing News Gold which has had a really powerful run in the last few days, slipped a little at the end of last week, as participants booked profits in thin trading conditions. The precious metal had ended 2008 trading up 5.5 per cent, its eighth consecutive yearly gain and [...]
Continue reading "Israeli air strikes lift safe-haven gold"
Thursday, December 18, 2008
Besides profit taking, weaker oil prices put pressure on gold, but dealers said investors were happy to buy on dips. Gold has bounced more than 20 percent since falling to a 13-month low around $680 in October, but it was still below a lifetime high of $1,030.80 struck in March. For full story, click here
Continue reading "Weaker oil prices put pressure on gold"
Monday, December 8, 2008
By Kishori Krishnan Exclusive to Gold Investing News It’s very grim. Shedding its workforce at the fastest pace in 34 years, the US employment scene has become very grim. The tally of year-to-date lost jobs has now reached the 2 million figure. Not surprisingly, the number of homes in foreclosure neared 3 per cent in [...]
Continue reading "Job Losses Drag Gold Down, Oil Retreats"
Tuesday, December 2, 2008
By Kishori Krishnan Exclusive To Gold Investing News There is only one question doing the rounds – Will US President-elect Barack Obama be able to arrest the root of terrorism? Obama’s tacit admission that “My administration will remain steadfast in support of India’s efforts to catch the perpetrators of this terrible act (the Mumbai terror [...]
Continue reading "Gold, Oil Crisis, and Obama’s Support"
Monday, November 17, 2008
By Kishori Krishnan – Exclusive to Gold Investing News With the price of oil falling more than 60 per cent from a peak in July, Iran has converted its financial reserves into gold to avoid future problems. Iran, the world’s fourth-largest oil producer, is facing declining revenue from its oil exports after crude prices tumbled. [...]
Continue reading "Crude tumbles, gold slips, demand surges"
Monday, November 3, 2008
By Kishori Krishnan – Exclusive to Gold Investing News Stock markets are down and so is the price of the yellow metal. Gold fell for the second day in Asia, extending a monthly drop that may become the worst in more than 25 years. The reasons being cited – a stronger dollar and decline in [...]
Continue reading "And they all fall down…"
Friday, October 31, 2008
The most active contract on Tokyo gold futures fell by the daily 150 yen limit as a stronger Japanese currency and weak oil prices triggered selling. For full story, click here
Continue reading "Tokyo gold futures declines"
Thursday, October 30, 2008
Gold rose around 3 percent to a one-week high as a weaker dollar and rising oil prices boosted sentiment. Eugen Weinberg, analyst at Commerzbank, said: It’s surprising that the increase in gold wasn’t as pronounced as expected.. I expected gold to climb above $800 on the dollar’s weakness. The sentiment for gold is improving day by day, [...]
Continue reading "Gold up nearly 3 % on weak dollar"
Friday, September 5, 2008
Nasdaq reports gold price fell slightly posting its sixth consecutive loss. Gold for December delivery closed at $802.80, down 40 cents on the session. Prices reached as high as $823.10 earlier in the day. Gold lost $32.40 on the week as the dollar moved to a multi-year high against the British pound and a multi-month best against [...]
Continue reading "Gold adds to recent slide, loses more than $30 on week"
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Monday, February 2, 2009